Earnings Per Share

3 Months Ended

Mar. 31, 2017

Note 4: Earnings Per Share

Basic earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding, after taking into consideration all dilutive potential shares outstanding during the period.

Basic and diluted earnings per share were calculated as follows:



	(dollars in thousands)
		For the three months ended
		March 31,
		2017		2016
Net income		$	8,009	$	6,758
Weighted average basic shares outstanding			51,523,627		51,359,167
Effect of dilutive securities attributable to stock-based awards			617,318		307,265
Weighted average diluted shares outstanding			52,140,945		51,666,432
Income per common share:
Basic		$	0.16	$	0.13
Dilutive		$	0.15	$	0.13
Anti-dilutive securities excluded from earnings per share calculation			272,336		303,008